Variations are mainly due to press announcements and news generated on websites and social networks, these include:

Regulations: governments implement laws for cryptocurrency markets and transactions, mainly defining the asset type of cryptocurrencies and its treatment for tax payments. Eg the regulations the German Government has made on Cryptocurrencies.

Bans: some governments and regulatory financial entities consider cryptocurrencies as dangerous for the economy, and set about classifying the crypto-market as illegal for financial activities and commercial transactions. Eg China banned ICOs and the exchange of cryptocurrencies.

Adoption: When cryptocurrencies are used for the purpose they were created, their value increases, such as Bitcoin, which is being accepted as a form of global payment that breaks the barriers of conventional transfers of FIAT currencies.

Scams: hackers exploit vulnerabilities , as we experienced with The DAO, which forced Ethereum to perform a hard fork to recover 3.6 million of stolen Ether (approximately $60 million), causing the price of Ethereum to go from $22 to $8 and the birth of Ethereum Classic.

To keep informed of price variations, there are solutions which can be used to stay informed of cryptocurrencies prices variations:

Mobile apps

They are a good tool to have at hand the information of price variations and create alerts if necessary. The applications that you can use which are available for both iOS and Android operating systems are:

Coin Stats: access to analytical market and price data on more than 1,000 cryptocurrencies, social check impact and news of each coin, it also allows you to set the ticker for your chosen coins.

Through the browser websites, there are multiple tools where we can trace the price of cryptocurrencies. The ones that can help you the most are:

Coinmarketcap: is the most popular in the world, occupying the number 1 position in its category and the number 182 of most visited sites in the world. It shows almost all the cryptocurrencies and tokens that exist in the market and its price index is kept reliable as it compares the price and volume of the most important exchanges in the world.

Coin360: is a very useful tool since it gives us on one screen a panorama of the whole market of cryptocurrencies with squares whose size represents their proportion in the market and their color, which represents the positive or negative variations in the price.

Investing: a platform of stocks markets which has included cryptocurrencies in their database. Although it does not specialize in the cryptocurrency market, it is still useful because you can access the price variations of the most important cryptocurrencies in different time intervals: daily, weekly or monthly.

Bittrex: one of the main exchanges which works with a large amount of cryptocurrencies. On their homepage, click on Markets and it’s possible to have the information of all cryptocurrency prices that are traded in this platform.

Abel is a Fintech enthusiast experienced with blockchain technology. With a BBA and a master degree in e-commerce, he combines his passion writing about the Blockchain Industry, Cryptocurrencies and Fintech. When he is not working, he loves playing online games.